Kopex delays expansion plans and goes back to basics
Kopex is set to sell off its minority stakes after the company's strategy to build an energy and petroleum company has so far failed. The company owns a 9% stake in Elimar brokerage, 10% of Gornoslaski Bank Gospodarczy and 15% of security agency Konstalnet. Early this year Kopex CEO Krzysztof Pytel unveiled an ambitious plan, which included investments in a carbon processing plant, heating and power plant and energy trading. "We still want to build a strong capital group, however over the last few month, the company's sectors which is coal mining and power production
have undergone profound changes," said Kopex vice-president of finance Grzegorz Miazga. Kopex has virtually stopped exporting mining machinery and sold only 300,000 tonnes of coal in the first half of the year. Kopex wants to diversify its operations and has moved into the development sector building 250 apartments in Siemianowice Slaskie. (Puls Biznesu, page 3)
have undergone profound changes," said Kopex vice-president of finance Grzegorz Miazga. Kopex has virtually stopped exporting mining machinery and sold only 300,000 tonnes of coal in the first half of the year. Kopex wants to diversify its operations and has moved into the development sector building 250 apartments in Siemianowice Slaskie. (Puls Biznesu, page 3)
